Intimation of Amendments in Capital Clause and Object Clause of MOA.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dev Labtech Venture Ltd has received shareholder approval via postal ballot (e-voting ended 29th April 2026) for three key changes to its Memorandum of Association. First, the authorised share capital will increase from Rs. 15 crore to Rs. 25 crore, expanding from 1.5 crore to 2.5 crore equity shares of Rs. 10 each. Second, the company will split its equity shares on a 1-for-2 basis, converting each Rs. 10 fully paid-up share into two Rs. 5 shares. Third, the company is adding new business objects to its Main Object Clause, entering the food products business (spices, beverages, packaged foods, dairy products) and the shipping/logistics business (vessel operations, chartering, port services, shipbuilding, and marine services).
The stock split will increase the number of shares available, making them more affordable and potentially improving liquidity. The authorised capital increase provides headroom for future fundraising or acquisitions. The new object clauses signal a major diversification into food and shipping sectors, which could reshape the company's growth prospects.